Africa-Press – Angola. Angola has a liquid fuel storage capacity of around 675 thousand 968 metric tons (MT), with the acquisition volume for the domestic market, in the last six years, being around 21 thousand 241 MT.
The data was presented this Tuesday, in Luanda, by the director general of the Petroleum Derivatives Regulatory Institute (IRDP), Luís Alves Fernandes, during the conference to review the activities of the institution’s 6th anniversary.
The manager gave a report on the work carried out by the body and highlighted some areas as main opportunities for potential investors in the sector.
He made it known that, in the period in question, 11,669 (eleven thousand, six hundred and sixty-nine) authorizations were issued for the import of oils and lubricants, 6,523 for commercialization and 5,146 for consumption, which corresponds to 56% and 44 %, respectively.
In relation to Gas Stations (PA), he said that at the end of the 1st quarter of this year, the existence of 900 PAs was recorded in operational status.
Regarding investment opportunities, Luís Fernandes listed the construction and exploitation of storage facilities and oil pipelines, gas pipelines, networks and branches, the installation of piped gas and the construction of lubricant factories.
It also includes the construction and operation of containerized gas bottle filling facilities, as well as the promotion of the construction of fueling stations, in order to guarantee fuel distribution capacity in all municipalities by 2027.
On the other hand, the IRDP director highlighted the Angolan Executive’s investment in projects to reduce fuel imports, with annual expenses of around 2 billion dollars (1 dollar is equivalent to 847 Kwanzas).
He referred to the “launch” of construction of three refineries, namely Cabinda (2024), Soyo (2028) and Lobito (2026), designed to process, respectively, 60 thousand, 100 thousand and 200 thousand barrels /day.
“Depending on needs, the country annually spends anything like 2 billion dollars on importing fuels, with emphasis on diesel and gasoline. We believe that with this volume, self-sufficiency in locally produced derivative products is guaranteed and thus reduces the import of products”, he said.
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